WESTWOOD AND COMPANY
FREEHOLD RETAIL INVESTMENT Let until February 2031 FOR SALE
The investment is secured on excellent lock up shop, in the main shopping centre of
Cranleigh, close to M&S Food, Boots, Rawlings Butchers, WHSmith, Pizza Express,
Specsavers, Between the Lines etc. Cranleigh is a strong and growing centre, this
investment offers the opportunity of gaining a foothold in probably the strongest and fastest
growing community in the region.
Price: £250,000 STC and the existing lease
Address: Unit 2, Kent House
79 High Street
Town: Cranleigh
County: Surrey
Postcode: GU6 8AU
Tenure: For sale
Approx. 472 sq ft
Approx. 44 sq m
PROPERTY DETAILS
ACCOMMODATION
Front Shop: 8/6 x 26= 226sqft.
Middle Shop: 10/1 x 10= 101sqft.
Rear Shop: 8/4 x 17/5= 145sqft.
Total: 472sqft (44sqm).
Rear access and parking for one car.
There is a forecourt to the front of the shop which can be used for advertising boards or
display of goods.
THE INVESTMENT
The property is let on a full repairing and insuring lease from 3rd February 2017, which by Deed of Variation has been extended to February 2031 at a passing rent of £18000pax no vat. There is an upward only rent review in February 2027
Net income: £18,000pax no vat.
Purchase price: £250,000 stc and the existing lease.
EPC
Not applicable.
RATEABLE VALUE
£9,100 which qualifies the property for 100% small business rate relief.
WESTWOOD AND COMPANY